Low-Voltage Motors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

The low voltage motors are energy-saving motors, which are capable of working at a voltage less than 1000V and are capable of producing the maximum power of 1000 KW. These motors are 2% to 8% more efficient and are more effective when compared to the conventional motors. Low voltage motors are manufactured based on the standard efficiency levels which are listed by the National Electric Manufacturers Association (NEMA). The low voltage motors are broadly used in various industries such as food & beverages, mining, oil & gas, packaging, automotive, and others.

The rise in technological advancement, rising demand for various types of machinery from the industrial sector, energy efficiency legislation by the government on motor-based systems are the factors driving the growth of the market. Moreover, the usage of smart sensors in low voltage markets is expected to provide significant opportunities for the low voltage motors market during the forecast period. However, there is a high cost involved in the production of low-voltage motors, which is anticipated to hamper the growth of the low voltage motors market.

The "Global Low Voltage Motors Market Analysis to 2031" is a specialized and in-depth study of the low voltage motors market with a focus on the global market trend. The report aims to provide an overview of the global low voltage motors market with detailed market segmentation by the product type, industry vertical, and geography. The global low voltage motors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the low voltage motors market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global low voltage motors market based on the product type and industry vertical. It also provides market size and forecast till 2031 for overall Low voltage motors market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions. Also, key low voltage motors market players influencing the market are profiled in the study along with their SWOT analysis and market strategies.

The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years. Some of the key players influencing the low voltage motors market are ABB Ltd., Teco-Westinghouse Motor Company, Siemens AG, Anhui Wannan Electric Machine Co., Ltd., ATB Group, Leroy-Somer, Ruselprom, Nidec Corporation, Regal Beloit Corporation, and GE Industrial among others.

Low-Voltage Motors Report Scope